News

BIONOMICS ANNOUNCES ADDITION TO BOARD

23-Dec-2008

Adelaide, Australia: Bionomics Limited (ASX:BNO) today announced the appointment of Mr Chris Fullerton to its Board. He joins directors Drs Peter Jonson (Chairman), Deborah Rathjen (CEO), Errol De Souza and Mr Trevor Tappenden.

A qualified Chartered Accountant with a Bachelor of Economics degree from Sydney University, Mr Fullerton has extensive experience in investment, management and investment banking. He is the Managing Director of Mandalay Capital Pty Limited, an investor in listed securities and private equity. He is also an executive director of Avanti Capital Limited, a recently established advisory firm focusing on the life sciences sector, and is a non-executive director of Cordlife Limited (ASX:CBB).

Mr Fullerton worked in Hong Kong and Singapore for 15 years before returning to Australia in 1992. His previous directorships include Health Communication Network Limited, Global Health Limited, The Environmental Group Limited, Standard Chartered Australia Limited, Alliance Properties Limited and Federal Airports Corporation.

Dr Peter Jonson, Chairman of Bionomics said, "We are pleased that we have been able to attract a director of Chris Fullerton's calibre to the Company. His experience as an investor and in growing public companies will strengthen the Board".

Mr Fullerton commented "As a shareholder in Bionomics for over 3 years, I am pleased and greatly impressed with the solid progress achieved over this period. The selection of and development programs established for the key compounds has created an outstanding platform for success. Further, Bionomics management team has consistently delivered on targets and milestones. All indications are that Bionomics is about to commence a remarkable period of development and achievement, and I am looking forward to making a contribution".

FOR FURTHER INFORMATION PLEASE CONTACT:

Bionomics Limited
Dr Deborah Rathjen
CEO & Managing Director
+618 8354 6101
drathjen@bionomics.com.au

About Bionomics Limited

Bionomics (ASX: BNO) discovers and develops innovative therapeutics for cancer and diseases of the central nervous system. Bionomics has small molecule product development programs in the areas of cancer, anxiety, epilepsy and multiple sclerosis. Bionomics' most advanced program, BNC105 for the treatment of cancer, is based upon the identification of a novel compound that potently and selectively restricts blood flow within tumours. Bionomics' discovery and development activities are driven by its three technology platforms: Angene®, the company's angiogenesis target and drug discovery platform, incorporates a variety of genomics tools to identify and validate novel angiogenesis targets. MultiCore® is Bionomics' proprietary, diversity orientated chemistry platform for the discovery of small molecule drugs. ionX® is a set of novel technologies for the identification of drugs targeting ion channels for diseases of the central nervous system.
For more information about Bionomics, visit www.bionomics.com.au

Factors Affecting Future Performance

This announcement contains "forward-looking" statements within the meaning of the United States' Private Securities Litigation Reform Act of 1995. Any statements contained in this press release that relate to prospective events or developments are deemed to be forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "projects," "forecasts," "will" and similar expressions are intended to identify forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by these forward-looking statements, including risks related to the clinical evaluation of BNC105, BNC210, our available funds or existing funding arrangements, a downturn in our customers' markets, our failure to introduce new products or technologies in a timely manner, regulatory changes, risks related to our international operations, our inability to integrate acquired businesses and technologies into our existing business and to our competitive advantages, as well as other factors. Subject to the requirements of any applicable legislation or the listing rules of any stock exchange on which our securities are quoted, we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

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